LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.032%

Price spread now: Coinbase International against Backpack+0.031%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.945%−$94 on $10k

Price spread, last 4 days (all we have)+0.652%+$65 · spread now +0.031%, 7d avg +0.097%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.066% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.6833	−0.0140	get 0.0017% / 1h	31m 35s	$661K	$1.4M	5x
Short	Coinbase International LIT-PERP-INTX	4.6848	−0.0192	pay 0.0024% / 1h	31m 35s	$612K	$398K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$10.97
Price spread: +0.031% → +0.097%: −$6.59
Slippage, 4 orders: −$29.44
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; Coinbase International: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 2 min ago	0.11 bp	5.3 bp −$5	16.3 bp −$163	doesn't fit	doesn't fit
Sell Coinbase International live order book, 27 min ago	7.27 bp	16.4 bp −$16	53.2 bp −$532	doesn't fit	doesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange LITUSD	−0.0480%	1h	4.6900	+0.143%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6712	−0.258%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0333%	1h	4.6763	−0.149%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0284%	1h	4.6761	−0.153%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0218%	4h	4.6880	+0.100%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0192%	1h	4.6848	+0.031%	$612K	$398K	50x
Backpack LIT_USDC_PERPlong	−0.0140%	1h	4.6833	long leg	$661K	$1.4M	5x
Extended LIT-USD	−0.0104%	1h	4.6853	+0.042%	$5.1M	$5.0M	25x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6760	−0.156%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0058%	4h	4.6885	+0.111%	$41.3M	$28.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.6644	−0.404%	$201K	$305K	5x	as long as short
KuCoin LITUSDTM	−0.0002%	4h	4.6874	+0.088%	$5.2M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6892	+0.125%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0001%	4h	4.6886	+0.113%	$25.2M	$61.4M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6788	−0.095%	$11K	—	150x	as long as short
Nado LIT-PERP	+0.0014%	1h	4.6892	+0.127%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.577%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0061%	1h	4.6764	−0.147%	$437K	$110K	10x	as long as short
ApeX Omni LITUSDT	+0.0065%	1h	4.6660	−0.369%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0069%	8h	4.6853	+0.042%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6917	+0.180%	$787K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6916	+0.177%	$58.4M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6932	+0.211%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6932	+0.211%	$209.9M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6876	+0.092%	$586K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6888	+0.117%	$75.0M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6904	+0.152%	$115K	$456K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6878	+0.096%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6890	+0.122%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6556	−0.592%	$285K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6630	−0.434%	$906K	$1.8M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6788	−0.095%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6770	−0.135%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6785	−0.102%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6700	−0.284%	$197K	$387K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6576	−0.549%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6761	−0.154%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0193%	4h	4.6959	+0.269%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0242%	1h	4.6666	−0.356%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6775	−0.124%	$31K	$788K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6670	−0.348%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6787	−0.098%	$63K	—	50x	as long as short